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Last Paycheck

Jun 12, 2024

Welcome back to the Last Paycheck Podcast! Hosts Archie and Rob Hoxton dive into the ominous world of "tax torpedoes" and how they can unexpectedly impact retirees. They break down the surprising complexity of Social Security taxation and the ripple effects it can have on your income. The duo discusses the underestimated pitfalls, like higher tax bills from seemingly harmless IRA withdrawals and the dreaded IRMA (Income Related Monthly Adjustment Amounts) that can inflate Medicare premiums. 

Emphasizing the importance of strategic financial planning, they provide insights into leveraging various tax buckets—IRA, Roth IRA, taxable accounts, and HSAs—to mitigate these financial surprises. The episode serves as a crucial guide for retirees aiming to navigate the murky waters of tax implications and highlights the value of comprehensive financial advising. Tune in to learn how to protect your retirement from these hidden financial torpedoes.

If you'd like to chat with Rob or Archie further, please schedule a consultation:    

Call or text Hoxton Planning & Management: +1 (304) 876-2619 and visit their website 

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Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.